Q2 2026 Cogeco Inc and Cogeco Communications Inc Earnings Call Transcript

Apr 10, 2026 / 12:00PM GMT

Release Date Price: $44.6 (-8.04%)

Transcript

Key Points

Positve

Cogeco Inc (CGECF) reported solid performance in Canada with positive year-on-year growth in adjusted EBITDA.
The company launched its new welo digital challenger brand in Ohio, expanding its footprint in the US market.
Cogeco Inc (CGECF) is driving substantial OpEx and CapEx synergies through its three-year transformation plan.
The company is leveraging AI to enhance customer service and operational efficiency, which is expected to drive future growth.
Cogeco Inc (CGECF) maintains a strong balance sheet with growing free cash flow and a solid dividend, providing confidence in shareholder value growth.

Negative

The US business faced a tough quarter with higher competitive pressure impacting revenue and adjusted EBITDA.
Cogeco Inc (CGECF) adjusted its financial guidance due to increased competition in the US, reflecting a more challenging market environment.
The company is experiencing pricing pressure in the US, with competitors offering aggressive promotions such as free services for initial months.
There are delays in network expansion projects in Ontario, affecting the timing of CapEx spending.
The US broadband subscriber trends showed a decline, with competitive dynamics impacting both subscriber numbers and ARPU.

Operator

Good day, and welcome to Cogeco Inc., and Cogeco Communications Inc., Q2 2026 earnings conference call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mr. Patrice Ouimet, Chief Financial Officer of Cogeco Inc., and Cogeco Communications Inc. Please go ahead, Mr. Ouimet.

Patrice Ouimet

Cogeco Inc - Chief Financial Officer

Good morning, and welcome to our second quarter results conference call.

So as usual, before we begin the call, I'd like to remind listeners that today's discussion will include estimates and other forward-looking information. We ask that you review the cautionary language in the press releases and MD&A issued yesterday as well as in our annual reports regarding the various risks, assumptions and uncertainties that could cause our actual results to differ.

With that, I'd like to pass the line to Fred Perron for opening remarks.

Frederic Perron

Cogeco Inc - President, Chief Executive Officer, Director

Merci, Patrice.

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